Buy FDC Ltd for swing trade

Apurv7164

Well-Known Member
#1
Hey Guys,

Kindly have a look on chart of FDC Ltd... nicely formed buy set up for swing trading for 7-8% gain...

1> Trending up for more than a year
2> 21 SMA and 50 EMA are heading up steadily
3> 21 SMA is above 50 EMA and CMP is at 21 SMA
4> RSI (14) is at level of 50 and for last year or so RSI(14) has been oversold level
5> Stoch is below 20 and just turned up....

In my opinion we should buy it with the stoploss of 93 and for risk takers stop loss of 88...

http://img708.imageshack.us/img708/9081/fdca.jpg
 

alroyraj

Well-Known Member
#2
Stock is trending strongly so referring the MACD indicates that it might correct. And it did. FDC seems to breath the 21 day MA and bounce off the 50 day MA.
 

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